Discovering North Cyprus Villas
The hottest place to reside in Europe at the moment is North Cyprus and is down to the close to 300 sunny days it has every year. Cyprus is the 3rd biggest Mediterranean island and the property boom here has managed to sidestep the present economical crisis.
The island of Cyprus is still growing as property investments continue to rise and the word on the street is that people just love the all year round perfect climate of Cyprus. This means that the letting sector is really going strong as the season lasts so much longer than other holiday destinations.
North Cyprus offers a unique package of the lowest all year round prices, one of the oldest European cultures, friendly local residents, excellent security with a very low crime rate. On the whole you really cant go wrong with property investment in Cyprus and you are about to discover more reasons why.
Should you be considering a quick profit or a long term investment, then you will find that Northern Cyprus is the place for you. In Cyprus new villas and developments are still being built and you won’t see any cranes standing still here. If it is a quick profit that suits your needs, then just buy off plan and then 18 months later you can sell on completion, leaving you with an average 15 - 25% net profit.
A few years back I only had a mortgage in the UK when I decided to invest in a holiday home property in Cyprus. Today I dont have a UK mortgage due to that Cyprus investment and backed up by regular rental income for an average of 14 weeks a year. Apart from the appreciation value added to my Cyprus property investment, I have also been able to cover the monthly mortgage payments with the monthly letting income. The truth of the matter is that I have been able to buy a further 2 more Cyprus properties over the last couple of years, which is what really helped me to pay off my UK mortgage.
A booming new build market normally makes way for bargains to be found in the second hand property market. I have seen villas with 3 bedrooms, 2 bathroom and a pool for about 120.000 pounds sterling and all that with a sea view. I see this as a good long term investment and a good tip is to always offer about 15% less than the asking price as these guys like to haggle a bit.
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